National Republican Follies
Lecture no. 24 from the course: A History of the United States, 2nd Edition
Taught by Professor Gary W. Gallagher and 2 others | 32 min | Categories: The Great Courses Plus Online History Courses
The year 1819 blew up in the faces of the bankers, brokers, National Republicans, and everyone else who had leveraged themselves to the market system. It was the year of the Great Panic. The United States had to learn that committing itself to the world market system exacted a price in the form of the unpredictable cycle of boom and bust. Ultimately, the Supreme Court sat squarely in the path of an angered democracy.